To: Mr. Park who wrote (31135 ) 12/18/1998 8:00:00 PM From: StockDung Respond to of 119973
Like the many many other companies that tried to sue Asensio after he revealed their fraud TRBD will just be added to the list. Examples of Typical, Fraudulent Company Responses to Asensio & Co., Inc.'s Research Reports: General Counsel for General Nutrition February 1996 Asensio's "…allegations about General Nutrition's financial condition and misleading statement concerning expectations are baseless." Diana Corp. Rebuts Contention Its Products Don't Work 10/15/96 "Diana [called] Asensio a short-seller who tried to commission a negative study of Diana's products. It also repeated its assertion that its products work." Diana terms Short Seller's Claims "Absurd" 10/25/96 "The report is rife with false, inaccurate and erroneous data. There are so many inaccuracies and false statements, that to do a line-by-line rebuttal would take more time, frankly, than the report deserves. We have more important things to do like run our company and satisfy our customers. We will let the marketplace be the judge." The Diana Corporation Refutes Erroneous Purported "News Release" of Short Seller 11/09/96 "The Diana Corporation…totally refutes the "news release" of a short seller posing as a securities analyst of Diana stock." The Diana Corporation Responds to Product Claims Cited by Short 11/09/96 "The report… issued by Manuel Asensio of Asensio & Co. clearly indicates that he has no understanding of our products, technologies, competitors and markets, and that his decision to purposefully communicate inaccurate and misleading information does a grave disservice to our customers, shareholders and employees." Solv-Ex Corporation Responds to Allegations 10/09/96 "Solv-Ex said that the allegations by Asensio, a short seller apparently trying to profit from its position through dissemination of negative information, are defamatory, totally baseless and without merit in terms of any improper action taken by Solv-Ex or its management. Solv-Ex will continue to take action against parties disseminating false and misleading information concerning the Company as it deems appropriate to protect itself and its shareholders." Solv-Ex Eyes Chapter 11 in Latest Twist to Company's Saga 07/14/97 "The company blamed the drop in its stock price on short sellers - those who sell borrowed shares in a bet the price will drop - and sued several of them." ErgoBilt Responds to Asensio's Assertions September 1997 "…Asensio misunderstood ErgoBilt's product and the extent to which it represents an advance over far more limited, earlier products based on the same patents." "ErgoBilt has retained outside counsel to advise the company on what options it may pursue with regard to these attacks." Avant! Releases Breakthrough Products, Presents Facts Refuting Asensio's Claims 01/08/98 "Asensio has repeatedly ignored the facts in his futile effort to justify his wrong-headed bet against Avant!" "…a short-seller is motivated only to publicly bad-mouth stocks they are betting against in hopes of creating a self-fulfilling prophecy." "Asensio's misleading, exaggerated attacks may continue. Avant! expects its technological breakthroughs and business success to continue as well." Statement by Crystallex International Corporation 03/04/98 "Crystallex International Corporation today announced that it has instructed legal counsel to commence proceedings against Asensio & Company, Inc. for disseminating false and misleading statements about Crystallex and its officers." "Crystallex will pursue the matter with securities commissions and regulatory bodies in the United States and Canada, including the Toronto Stock Exchange and the American Stock Exchange." Statement by Crystallex International Corporation 03/06/98 "…Asensio quite likely will publish repeated baseless attacks on the company in the coming weeks, Crystallex management has no intention of engaging in debate with Asensio over well established facts." "While short sellers can force short-term volatility in our stock price, it is your Boards firm belief that our rights will prevail. The Company's fundamentals remain strong and we look forward to continuing to build this company."